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It's happening now. Today is "black monday". I've got broad market puts (SPY) as well as puts on Square which are literally printing me money right now. If put
by Der_Einzige 7y ago
It's happening now. Today is "black monday".
I've got broad market puts (SPY) as well as puts on Square which are literally printing me money right now. If puts are consistently making money, than you're likely to be laid off in the next few months. I consider market shorts to be a form of insurance for this reason. If I lose my investment, than it means I keep my job. If my investment moons, than I'm about to lose my job.
- senordevnyc 7y agoWhy Square?
- Der_Einzige 7y agoOnly company that was up on the first day of market panic so the puts were super cheap. Ended up printing me money today though :)